STBL

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0920%/8h= −100.7% APRnext payment −$4.60 per $10,000 · paid last 24h −0.188%

Price spread now: MEXC against BingX0.000%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as in the Funding arb table

Net, price: spread back to 7d avg − costs−$180as in the Price arb table

costs, in and out, $10k−$1801.803% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.346%−$35 on $10k

Price spread, last 4 days (all we have)0.000%$0 · spread now 0.000%, 7d avg −0.004%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.346% in total (about -18.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$4.60 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX STBL-USDT	0.02662	0.1020	pay 0.0510% / 4h	3h 25m	—	$6.6M	—
Short	MEXC STBL_USDT	0.02662	0.0100	get 0.0050% / 4h	3h 25m	$360K	$148K	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$193.2
Price spread: 0.000% → −0.004%: $0.36
Slippage, 4 orders: −$166.34
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$373.18
Costs to cover: 1.803%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; MEXC: live order book, 10 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 12 min ago	26.29 bp	65.2 bp −$65	300.1 bp −$3,001	1391.1 bp −$139.1K	1549.4 bp −$774.7K
Sell MEXC live order book, 10 min ago	3.76 bp	19.8 bp −$20	96.8 bp −$968	245.6 bp −$24.6K	637.8 bp −$318.9K

STBL on 12 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter STBL	+0.0096%	1h	0.02655	−0.263%	$80K	$2K	3x	as long as short
Aster STBLUSDT	+0.0100%	4h	0.02659	−0.131%	$89K	$5K	5x	as long as short
Binance STBLUSDT	+0.0100%	4h	0.02663	+0.031%	$1.9M	$2.1M	50x	as long as short
MEXC STBL_USDTshort	+0.0100%	4h	0.02662	0.000%	$360K	$148K	100x
KuCoin STBLUSDTM	+0.0100%	4h	0.02654	−0.301%	$1.1M	$235K	20x	as long as short
Variational Omni STBL	+0.0100%	4h	0.02660	−0.075%	$973	$276	—	as long as short
SunX STBL-USDT	+0.0100%	4h	0.02658	−0.150%	$2K	$1.1M	20x	as long as short
BloFin STBL-USDT	+0.0127%	4h	0.02661	−0.038%	$126K	$22K	50x	as long as short
Hyperliquid STBL	+0.0524%	1h	0.02659	−0.120%	$2.0M	$262K	3x	as long as short
BingX STBL-USDTlong	+0.1020%	4h	0.02662	long leg	—	$6.6M	—

Show all 12 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit STBLUSDT	+0.1070%	4h	0.02661	−0.038%	$1.5M	$658K	20x	as long as short
Gate STBL_USDT	+0.1962%	4h	0.02672	+0.376%	$1.2M	$93K	50x	as long as short